Blog by Michael Giesbrecht

West Vancouver Single Family Home Update

There are currently 398 single family homes for sale in West Vancouver ranging in price from $289,000 for a 1 bedroom cabin situated on almost an acre parcel on Hollyburn Mountain to $39,000,000 for an 11 bedroom, 29,770 square foot mansion on a 5.44 acre lot at 2190 Camelot Road.

There have been 124 sales in the last 90 days, with the average sale price during that time coming in at $2,107,130 and the median sale price being $1,800,000. The least expensive sale price so far this year was for a 4-bedroom home in Lions Bay for $860,000 in February and the most expensive so far this year was for a 4-bedroom, 7,000 square foot mansion in Caulfeild with stunning views, for $10,000,000 in February as well.

With 398 West Vancouver homes currently for sale and taking into account 49 sales last month, there is currently an 8 month supply of homes, meaning the Absorption Rate is 8.0. The Absorption Rate is the ability of the real estate market to absorb or sell all of the houses for sale in a given amount of time. A supply of 3 months or less (a.k.a. an absorption rate of 3 or less) generally favours sellers and a supply of 6 months or more generally favours buyers. In between sits a balanced market. This is a snapshot of West Vancouver overall and one would want to drill down a little deeper in individual neighbourhoods where one was interested in purchasing.

Number of Bedrooms in Current West Vancouver Homes For Sale:There are 2 one (1) bedroom homesThere are 16 two (2) bedroom homesThere are 77 three (3) bedroom homesThere are 122 four (4) bedroom homesThere are 106 five (5) bedroom homesThere are 57 six (6) bedroom homesThere are 12 seven (7) bedroom homesThere are 1 eight (8) bedroom homesThere are 1 nine (9) bedroom homesThere are 0 ten (10) bedroom homesThere are 0 eleven (11) bedroom homes